AOL Time Warner reports biggest loss in US history

AOL Time Warner, the world's largest media company, has reported a net loss of $54.24 bn (€60.7bn) for its first quarter.

AOL Time Warner reports biggest loss in US history
Thu, 25 Apr, 2002 - 07:44

AOL Time Warner, the world's largest media company, has reported a net loss of $54.24 bn (€60.7bn) for its first quarter.

It is the largest quarterly loss for a US company due to a massive balance sheet writedown mandated by new accounting rules.

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CourtsHeathrowPlace: USOrganisation: AOL Time WarnerOrganisation: JDS UniphaseOrganisation: America OnlineOrganisation: Time WarnerOrganisation: Thomson FinancialOrganisation: First Call
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